IRS regulations require us to provide you with the following disclosures:
- A student who consents to receive their Form 1098-T (IRS Tuition Statement) electronically, will not receive a paper copy of the 1098-T form.
- If a student does not consent, a paper copy of the Form 1098-T will be mailed to the student at the address on file on or before Jan. 31 of each year.
- A student who chooses to receive their Form 1098-T electronically will continue to receive future 1098-T forms electronically until consent is withdrawn.
- A student who chooses to receive the Form 1098-T electronically can also print a copy from MyTMCC.
- A student may withdraw consent to electronic delivery by sending a written request to TMCC's Accounting Services Office. The withdrawal of consent will be effective for the next Form 1098-T to be delivered and will not apply to previously issued electronic Form 1098-T. Once your withdrawal request has been received, you will receive an email confirming receipt and the effective date of your withdrawal. Form 1098-T will be available through MyTMCC for the duration of your enrollment at TMCC.
See Also: NSHE IRS Form 1098-T Information
Educational institutions are required by law to provide information to students who may qualify for the American Opportunity Tax Credit (formerly the Hope Scholarship Credit) or the Lifetime Learning Credit. Schools, colleges, and universities report this information to the IRS and to students on IRS Form 1098-T.
Whether you may take advantage of these tax credits depends upon your individual facts and circumstances. Your institution cannot provide tax advice, so you may want to consult the IRS or a tax professional to find out more about the credits and your eligibility.
See also: IRS Tax Benefits for Education.